Autonomous Vehicle News
Autonomous industrial robots maker Ati Motors said it raised $10.85 million in a Series A funding round led by True Ventures, a Silicon Valley venture capital firm. Existing investors Blume Ventures, Exfinity Ventures, and MFV Partners also participated in the round, the company said in a press release. It manufactures autonomous robots for industry use and can help automate warehouse work. The startup will also test out its autonomous robots for use cases beyond logistics, in sectors such as pharmaceuticals, chemicals, injection molding etc. Ati Motors counts Bosch, TVS, Hyundai and CEAT among its key customers across India and the US.